Robert W. Baird Has Lowered Expectations for Clean Harbors (NYSE:CLH) Stock Price

Clean Harbors (NYSE:CLH) had its price target dropped by analysts at Robert W. Baird from $285.00 to $272.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the business services provider’s stock. Robert W. Baird’s price objective points to a potential upside of 24.90% from the company’s previous close.

A number of other equities analysts have also recently commented on the stock. Truist Financial lifted their target price on shares of Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Stifel Nicolaus lifted their target price on shares of Clean Harbors from $270.00 to $290.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Oppenheimer lifted their target price on shares of Clean Harbors from $255.00 to $256.00 and gave the company an “outperform” rating in a report on Monday, January 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $268.00 price target on shares of Clean Harbors in a research note on Thursday, January 16th. Finally, TD Cowen began coverage on shares of Clean Harbors in a research report on Friday, December 6th. They issued a “buy” rating and a $325.00 price objective on the stock. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $270.56.

Clean Harbors Stock Performance

NYSE:CLH opened at $217.77 on Thursday. Clean Harbors has a twelve month low of $180.24 and a twelve month high of $267.11. The company has a market cap of $11.74 billion, a P/E ratio of 29.35 and a beta of 1.24. The company’s 50-day moving average price is $233.16 and its 200-day moving average price is $242.03. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, beating the consensus estimate of $1.36 by $0.19. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the firm posted $1.82 earnings per share. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, sell-side analysts forecast that Clean Harbors will post 8.08 earnings per share for the current fiscal year.

Insider Transactions at Clean Harbors

In other news, Director Lauren States sold 308 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total transaction of $70,467.32. Following the sale, the director now owns 11,918 shares of the company’s stock, valued at $2,726,719.22. This trade represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Brian P. Weber sold 861 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total value of $224,987.91. Following the completion of the transaction, the executive vice president now owns 59,346 shares of the company’s stock, valued at approximately $15,507,703.26. This represents a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,785 shares of company stock worth $444,558 over the last three months. 5.90% of the stock is currently owned by insiders.

Institutional Trading of Clean Harbors

Several hedge funds have recently added to or reduced their stakes in CLH. Reliant Investment Management LLC acquired a new position in Clean Harbors in the 4th quarter valued at $4,386,000. Fiduciary Alliance LLC acquired a new position in Clean Harbors in the 4th quarter valued at $846,000. Mountain Pacific Investment Advisers LLC raised its holdings in Clean Harbors by 4.5% in the 4th quarter. Mountain Pacific Investment Advisers LLC now owns 99,039 shares of the business services provider’s stock valued at $22,793,000 after acquiring an additional 4,240 shares in the last quarter. Barclays PLC raised its holdings in shares of Clean Harbors by 44.5% during the 3rd quarter. Barclays PLC now owns 28,056 shares of the business services provider’s stock worth $6,781,000 after buying an additional 8,639 shares in the last quarter. Finally, Advisor Resource Council acquired a new position in shares of Clean Harbors during the 3rd quarter worth $926,000. 90.43% of the stock is owned by institutional investors and hedge funds.

About Clean Harbors

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.